Decision No. 1675/QD-BTC On announcing reputable insurance organizations in the maritime sector as prescribed in the Maritime Vessel Arrest Procedures Ordinance 2011

Decision No. 1675/QD-BTC announces the list of reputable insurance organizations in the maritime sector as prescribed by the Maritime Vessel Arrest Procedures Ordinance 2011. This document applies to insurance enterprises operating in the maritime sector.

Document No.1675/QĐ-BTC
Document typeDecision
Issuing authorityMinistry of Finance
Signed byTrần Xuân Hà
Updated16/06/2026
FieldFinancial Services and Funds Management
Issued date14/07/2011
Effective date
Expiry date
StatusIn effect
✦ Smart summary

Decision No. 1675/QD-BTC announces the list of reputable insurance organizations in the maritime sector as prescribed by the Maritime Vessel Arrest Procedures Ordinance 2011. This document applies to insurance enterprises operating in the maritime sector.

Scope of application

Insurance enterprises listed in the attached Decision

Key points

  • Reputable insurance organizations in the maritime sector are specifically announced (Article 1).
  • The list of insurance organizations includes 29 specific enterprises, from Vietnam Asset Insurance Corporation to Liberty Insurance Joint Stock Company.
  • The Insurance Management and Supervision Department and insurance enterprises named in Article 1 are responsible for implementing this Decision.
  • This document does not specify particular conditions or criteria for recognition as a reputable insurance organization in the maritime sector.
  • This Decision does not clearly state the duration of effectiveness of the list of reputable insurance organizations.

🌐 Social impact of this document

  • Facilitates the identification and implementation of procedures for arresting vessels in accordance with the law.
  • Aids in strengthening the management and supervision of insurance enterprises' activities in the maritime sector.
  • Enterprises not included in this list must meet additional requirements to be recognized as reputable insurance organizations.

❓ Frequently asked questions

Which insurance enterprises are announced as reputable?

The list of reputable insurance enterprises in the maritime sector includes 29 specific organizations, from Vietnam Asset Insurance Corporation to Liberty Insurance Joint Stock Company.

Who is responsible for implementing this Decision?

The Insurance Management and Supervision Department and insurance enterprises named in Article 1 are responsible for implementing this Decision.

Does this Decision specify the criteria for being recognized as a reputable insurance organization?

No, the document only publishes the list of reputable insurance enterprises without specifying particular conditions or criteria.

When does this Decision take effect?

This document does not clearly state the duration of effectiveness of the list of reputable insurance organizations.

Full text

MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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Number: 1675/QD-BTC

Hanoi, July 14, 2011

Pursuant to …;

Regarding the announcement of insurance organizations with credibility in the maritime field as prescribed by the Maritime Ship Arrest Procedures Ordinance

 of the year 2011

------------------------

THE MINISTER OF FINANCE

Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008, of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Pursuant to the Maritime Ship Arrest Procedures Ordinance No. 05/2008/UBTVQH12 dated August 27, 2008 of the Standing Committee of the National Assembly;

Pursuant to Circular No. 219/2010/TT-BTC dated December 30, 2010 of the Ministry of Finance guiding criteria for determining insurance organizations with credibility in the maritime field as prescribed by the Maritime Ship Arrest Procedures Ordinance;

Based on the files and documents provided by insurance enterprises;

Considering the proposal of the Director of the Insurance Management and Supervision Department,

DECISION:

Article 1. Announce insurance organizations with credibility in the maritime field as prescribed by the Maritime Ship Arrest Procedures Ordinance of 2011 including insurance enterprises listed in the attached Decision.

Article 2. The Director of the Insurance Management and Supervision Department, the Head of the Ministry of Finance's Office, and the insurance enterprises named in Article 1 shall be responsible for implementing this Decision.

DEPUTY MINISTER
DEPUTY MINISTER

(Signed)




Tran Xuan Ha

 

LIST

INSURANCE ORGANIZATIONS WITH CREDIBILITY IN THE MARITIME FIELD FOR 2011 AS PRESCRIBED BY THE MARITIME SHIP ARREST PROCEDURES ORDINANCE
(Annexed to Decision No. 1675/QD-BTC dated July 14, 2011 of the Minister of Finance)

No.

Names of insurance enterprises

1

Vietnam Property Insurance Corporation

2

Bao Minh Joint Stock Corporation

3

PVI Joint Stock Corporation (converted from Petrolimex Insurance Company, Vietnam Oil and Gas Insurance Corporation)

4

PJICO Joint Stock Corporation (renamed from Petrolimex Insurance Company)

5

Vietnam Post Insurance Joint Stock Corporation (renamed from Vietnam Post Insurance Company)

6

Global Insurance Joint Stock Corporation

7

Far East Insurance Joint Stock Corporation

8

AAA Insurance Joint Stock Corporation

9

Dragon Insurance Joint Stock Corporation

10

Vietnam Investment and Development Bank Insurance Joint Stock Corporation (converted from Vietnam Investment and Development Bank Insurance Company)

11

Agricultural Bank Insurance Joint Stock Corporation

12

Phu Hung Insurance Joint Stock Corporation (renamed from Bao Tin Insurance Joint Stock Corporation)

13

Military Insurance Joint Stock Corporation (renamed from Military Insurance Joint Stock Corporation)

14

Hung Vuong Insurance Joint Stock Corporation

15

Airline Insurance Joint Stock Corporation

16

Vietnam Commercial Joint Stock Bank Insurance Limited Liability Company

17

SHB-Vinacomin Insurance Joint Stock Corporation (renamed from SHB-Vinacomin Insurance Joint Stock Corporation)

18

Xuan Thanh Insurance Joint Stock Corporation (renamed from Thai Son Insurance Joint Stock Corporation)

19

Vietnam Tokio Marine Insurance Joint Venture Company (renamed from Vietnam International Insurance Joint Venture Company)

20

United Insurance Company

21

Samsung Vina Insurance Limited Liability Company

22

QBE Vietnam Insurance Company

23

Chartis Vietnam Limited Liability Company

24

ACE Vietnam Limited Liability Company

25

Groupama Vietnam General Insurance Limited Liability Company

26

MSIG Vietnam Non-Life Insurance Limited Liability Company

27

Cathay Vietnam Non-Life Insurance Limited Liability Company

28

Fubon (Vietnam) Limited Liability Company

29

Liberty Insurance Limited Liability Company

 

 

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